G79 0.00% 2.7¢ goldoz limited

Ann: Montepuez Ruby Project Operational Update, page-79

  1. 19,221 Posts.
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    While the management of MUS have said many things they have never said they were a producer. They only have a small plant that can't process that much. It is not designed for production, but for sampling. Of course if they do find a good location they could scale without much problem - the actual mining of rubies is not complex once you find a good resource.

    I think what is going to put a greater pressure on the SP is Arena and all their CN conversions. In the absence of real news (i.e. $$) we could end up very easily down at the 1.6c conversion floor or even lower. Of course we could get a positive news shock (lets say more than a handful of the latest 30K of rubies are high quality) that could send the SP way up. Never a dull moment with MUS.
 
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